Fulgent Genetics, Inc.

Fulgent Genetics, Inc.

FLGTยทNASDAQ

$18.14

-3.0%
HealthcareMedical - Diagnostics & Research

Fulgent Genetics, Inc., together with its subsidiaries, provides COVID-19, molecular diagnostic, and genetic testing services to physicians and patients in the United States and internationally. The company offers genetic tests comprising Focus and Comprehensive oncology panels tests; Beacon carrier screening panels test for inherited conditions; solid tumor molecular profiling for somatic cancer testing; rapid whole genome testing for children in NICU and PICU; newborn genetic analysis panel; single front-line test to detect ataxia-related variants and repeat expansions through sequencing; picture genetics, a patient-initiated genetic testing; whole exome and clinical exome panel tests; whole genome, mutation, and repeat expansion testing services, as well as research service tests. It also provides next generation sequencing and reverse transcription polymerase chain reaction-based tests, as well as antigen-based diagnostic tests for the detection of SARS-CoV-2. In addition, the company offers flow cytometry, a cell analysis technique providing diagnosis, prognosis, and monitoring of malignancies; fluorescence in-situ hybridization for detecting and locating a specific DNA sequence on a chromosome; immunohistochemistry, an imaging technique used to visualize antigens in cells; cytogenetics, which analyzes the chromosome set for numerical and structural abnormalities; and molecular testing that includes hematopoietic and solid tumor molecular assays. The company serves insurance, hospitals, medical institutions, other laboratories, governmental bodies, payors, municipalities and large corporations, and patients. Fulgent Genetics has strategic partnership with Helio Health, Inc. to commercialize blood-based early cancer detection tests. The company was formerly known as Fulgent Diagnostics, Inc. and changed its name to Fulgent Genetics, Inc. in August 2016. Fulgent Genetics, Inc. was founded in 2011 and is headquartered in Temple City, California.

At a Glance

Live Snapshot
Market Cap$515.19M
EPS-1.9700
P/E Ratio-9.21
Earnings Date07/31/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -9.2).

Valuation inputs: P/E -9.2, earnings yield N/A, momentum -3.0%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -5.4%, ROIC -7.1%).

Profitability stack: net margin -18.8%, ROE -5.4%, ROIC -7.1%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +8.8%, momentum -3.0%, net margin -18.8%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Fulgent Genetics, Inc. Market vs Earnings Trajectory

FLGT ยท NASDAQ

Loading price and EPS data...

Fulgent Genetics, Inc.

Fulgent Genetics, Inc. Fair Value Envelope

FLGT ยท NASDAQ

Our analysis suggests that FLGT has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $18.14, this represents a potential HIDDEN relative to our calculated worth for Fulgent Genetics, Inc..

Intrinsic Value
Current Price: $18.14
3Y-141.0%
5Y-121.0%
10Y+557.0%
3Y-48.0%
5Y-23.0%
10Y+1666.0%
3Y-142.0%
5Y-128.0%
10Y+1032.0%
3Y-140.0%
5Y-172.0%
10Y-2407.0%
3Y-153.0%
5Y-219.0%
10Y-20232.0%
3Y-12.0%
5Y+73.0%
10Y+1991.0%
Fulgent Genetics, Inc.

Fulgent Genetics, Inc. Profit Bridge

FLGT ยท NASDAQ
Revenue322.67M
Cost of Goods Sold (191.80M)
Gross Profit130.88M
Operating Expenses (221.97M)
Operating Income-91.10M
Interest Expense (75.00K)
Other Income/Expense21.07M
Pretax Income-70.03M
Income Tax (-8.39M)
Net Income-60.51M
Net Income
-60.51M

Profitability Analysis

Gross Margin

40.6%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

-28.2%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-18.8%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

40.56%
Gross Profit Margin
7%
3Y-32.0%
5Y-48.0%
10Y-36.0%
-28.23%
Operating Profit Margin
8%
3Y-198.0%
5Y-141.0%
10Y-661.0%
-18.75%
Net Profit Margin
24%
3Y-181.0%
5Y-137.0%
10Y-36.0%
-5.44%
Return on Equity
44%
3Y-148.0%
5Y-114.0%
10Y-45.0%
-4.99%
Return on Assets
42%
3Y-148.0%
5Y-116.0%
10Y-46.0%
-7.10%
Return on Invested Capital
31%
3Y-168.0%
5Y-119.0%
10Y-449.0%
FLGT

Fulgent Genetics, Inc. Cash Conversion Engine

FLGT ยท NASDAQ
Net Income-61.63M
Depreciation & Amortization24.12M
Stock-Based Compensation39.58M
Change in Working Capital-117.63M
Others15.14M
Capital Expenditures-22.57M
Free Cash Flow-124.21M

Cash Flow Quality Analysis

FCF Conversion Rate

201.5%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

-22.2%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-545.1%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$117.63M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

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Fulgent Genetics, Inc. Funding & Solvency Profile

FLGT ยท NASDAQ
Cash & Cash Equivalents23.40M
Net Receivables69.28M
Inventory0.00
Other Current Assets0.00
Total Current Assets674 M
Property, Plant & Equipment116.34M
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets366.16M
Total Non-Current Assets483 M
Total Assets
1.16B

Financial Health Analysis

Current Ratio

6.01x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.11x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

562 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

58% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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Fulgent Genetics, Inc. Street Expectations Map

FLGT ยท NASDAQ

Wall Street analysts project that FLGT stock may decline over the coming 12 months. The consensus 1-year price target stands at 15.00, with estimates ranging from a low of 15.00 to a high of 15.00.

Lowest Target
15.00
-17.31%
Consensus Target
15.00
-17.31%
Highest Target
15.00
-17.31%

The consensus 1-year price target stands at 15.00, with estimates ranging from a low of 15.00 to a high of 15.00.

Analyst Consensus Analysis

Upside Potential

-17.3%

Significant downside risk. Stock trading well above analyst consensus suggests elevated valuation concerns and potential correction.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Risk-Reward Profile

1.00x

Balanced risk-reward. Upside and downside potential relatively symmetric. Suitable for moderate risk tolerance with conviction in thesis.

Analyst Conviction

Low

Bearish or uncertain outlook. Limited upside or poor consensus suggests challenges ahead or fundamental concerns.

Market Sentiment Insight

Consensus overvaluation: Analysts agree the stock is richly valued with limited upside. Consider booking profits or defensive positioning unless you have contrarian conviction in unrecognized catalysts.

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Fulgent Genetics, Inc. Insider Positioning

FLGT ยท NASDAQ

During the last 12 months, insiders have sold $1.18M worth of FLGT shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

2.1K

37.77K

Net Activity

-38K

-$38K

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

24.3K

661.54K

Net Activity

-662K

-$662K

9-12 Months

Bought

0

0.00

Sold

23.7K

480.28K

Net Activity

-480K

-$480K

Top Buyers

No buying activity

Top Sellers

1
XJ

Xie Jian

Officer: President And Coo

25.9K sharesโ€ข10 transactions

$649K

2
GH

Gao Hanlin

Officer: Chief Scientific Officer

9.3K sharesโ€ข9 transactions

$216K

3
KP

Kim Paul

Officer: Cfo And Treasurer

8.5K sharesโ€ข5 transactions

$180K

4
HM

Hsieh Ming

Director, 10 Percent Owner, Officer: Chief Executive Officer

6.4K sharesโ€ข3 transactions

$134K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $1.18M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$38K

Heavy recent selling activity. Recent insider sales notably exceed purchasesโ€”may warrant investigation into company developments.

Insider Participation

High Selling

4 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.

0.00%
Dividend Yield
3Y-
5Y-
10Y-
ย 

flgt Dividend History

FLGT
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%